Issue - meetings

Report of Director of Finance and Support (Copy herewith)

1. Cabinet noted the outturn position for the Council’s capital programme for 2010-11 and how the expenditure was financed.

2. Cabinet approved the carry forward of unfinished capital schemes from 2010-11 into the 2011-12 capital programme.

Councillor Bottwood, as the relevant Portfolio Holder submitted a report on the Draft Capital Outturn 2010/11, subject to audit. He explained that the total outturn capital expenditure (for 2010/11) was £20 million, with a Final Approved Budget of £34 million. He further reported that there was a Carry Forward of £12 million, but that the funding was fully committed but not spent, due to timing issues.

The Chairman commented that the Capital Programme had always been about delivery and was glad to see that once again it had been well delivered.

RESOLVED:

1.      That the outturn position for the Council’s capital programme for 2010-11

2.      That the carry forward of unfinished capital schemes from 2010-11 into the 2011-12 capital programme be approved.